1、IBM TechXchange2025 conference NewsCorp&Octane:AI-Powered Finance Reporting via IBM TM1+WatsonxOrchestrateIBM TechXchange|2025 IBM Corporation1#IBMTechXchangeBusiness Challenges in Finance Business Challenges in Finance ReportingReportingSlow DecisionSlow Decision-Making:Making:Executives lacked tim
2、ely,up-to-date reports,hindering agile decision-making.The manual processes couldnt keep pace with business needs.Fragmented Data Sources:Fragmented Data Sources:Information was siloed across systems,requiring tedious consolidation and creating opportunities for inconsistencies.LaborLabor-Intensive
3、Reporting:Intensive Reporting:NewsCorps finance team spent weeks on manual data gathering,reconciliation,and validation for monthly reports.This led to long reporting cycles and delayed insights for executives.Data Accuracy Concerns:Data Accuracy Concerns:Heavy reliance on a few experts meant knowle
4、dge bottlenecksknowledge bottlenecks and higher risk of errors.High staff turnover exacerbated the issue.IBM TechXchange|2025 IBM Corporation2Why AI?Why AI?Augmentation in a HighAugmentation in a High-Trust DomainTrust DomainHighHigh-Trust Requirements:Trust Requirements:The solution must ensure no
5、hallucinated numbers and full auditability.Finance operates in a“zero error”environment,so governance and validation are paramount.IBMs enterprise AI approach emphasizes transparency and control to meet these demands.Cultural Shift:Cultural Shift:We positioned AI as an augmentation tool,not a replac
6、ement,to gain stakeholder buy-in.The goal is to empower finance professionals with AI-driven speed and insights,while they remain in control of final outputs.Skepticism of Generative AI:Skepticism of Generative AI:Finance teams,while early adopters in areas like OCR/AP,have been cautious with genera